U.S., Iran trade 11th day of strikes as Hormuz fight deepens
Why it matters: The fighting has pushed Brent above $92 a barrel, disrupted Gulf shipping and raised the risk of a wider regional war.
Why it matters: The fighting has pushed Brent above $92 a barrel, disrupted Gulf shipping and raised the risk of a wider regional war.
Why it matters: Two Indian sailors were killed in three days, and a union says more than 15,000 others remain west of the strait.
What's new: More than 20 tankers have transited since the U.S.-Iran deal, pushing Brent back below $73 a barrel.
What's new: Allianz said war-risk claims already include damaged container ships, bulk carriers and oil tankers, with some losses potentially total.
What's next: Even if traffic resumes June 19, mines, insurance and security risks could keep oil and LNG flows below normal.
Why it matters: The shock is pushing countries toward coal now and toward renewables, nuclear and new oil suppliers over time.
Why it matters: The disruption is pushing importers toward coal now and faster spending on renewables, batteries and nuclear power over time.
Why it matters: Only 5 to 10 ships now cross the strait daily, down from 130 to 140 before the closure.
Why it matters: More sailings could ease pressure on oil, gas and goods flows after months of war disruption and stranded vessels.